iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 1-Year High – Here’s Why

Shares of iShares Select Dividend ETF (NASDAQ:DVY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $144.50 and last traded at $143.6950, with a volume of 65143 shares traded. The stock had previously closed at $143.26.

iShares Select Dividend ETF Stock Performance

The company’s 50 day simple moving average is $140.89 and its 200 day simple moving average is $138.05. The stock has a market cap of $21.05 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Parvin Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth $27,000. Financial Gravity Companies Inc. purchased a new stake in iShares Select Dividend ETF during the second quarter worth about $29,000. Total Investment Management Inc. bought a new stake in iShares Select Dividend ETF in the second quarter worth about $29,000. Kilter Group LLC bought a new stake in iShares Select Dividend ETF in the second quarter worth about $31,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in iShares Select Dividend ETF by 242.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.